Grasim Industries Q1 Results Highlights: Revenue Up 10.5% to ₹6,893 Cr

Grasim Q1 Results: Company Reports ₹52.12 Crore Loss Despite 10.5% Revenue Surge

Synopsis

Grasim reported a standalone net loss of ₹52.12 crore, despite a 10.5% year-on-year (YoY) increase in revenue. For Q1FY25, the company's revenue from operations rose by 10.5% to ₹6,893.87 crore, compared to ₹6,237.55 crore in the same period last year.

Grasim Q1 Results Highlights

Grasim Industries on Friday reported a standalone net loss of ₹52.12 crore for the quarter ended June 2024 as compared with a net profit of ₹355.27 crore in the same quarter last year. The Aditya Birla Group company had posted a net loss of ₹440.93 crore in the March 2024 quarter.

At 2:30 PM IST, shares of Grasim reached ₹2,554.05 apiece on the National Stock Exchange.

Grasim Industries’ revenue from operations in Q1FY25 increased 10.5% to ₹6,893.87 crore from ₹6,237.55 crore, year-on-year (YoY). On a consolidated basis, revenue during the first quarter of FY25 stood at ₹33,860.7 crore, up by 9% YoY, driven by strong performance from its diversified businesses portfolio.

At the operational level, standalone earnings before interest, tax, depreciation and amortization (EBITDA) declined 51.7% to ₹325.1 crore from ₹673.3 crore, while EBITDA margin compressed to 4.7% from 10.8%, YoY.

Consolidated EBITDA was lower by 4% at ₹4,760 crore, driven by investments in the Paints business, higher depreciation and interest charges on account of new growth businesses, the company said.

Grasim Industries’ cement business added new capacity of 8.7 Mn TPA, taking total grey cement capacity (domestic + overseas) to 154.9 Mn TPA. 

Its newly launched paints brand, Birla Opus’ market presence reached to over 3,300 cities and towns, getting good response from trade channels and consumers, it said.

About Grasim Industries Ltd

Grasim Industries Ltd (Grasim), a subsidiary of Aditya Birla Group, is a manufacturer, distributor, and marketer of construction materials. The company operates diversified businesses including viscose, cement, chemicals, and textiles. It offers a wide range of products such as grey cement, white cement, viscose staple fiber, yarn, pulp, caustic soda, allied chemicals, epoxy, linen, and wool. 

Grasim sells its textile products through a network of exclusive showrooms, also through wholesalers and multi-brand outlets. The company has manufacturing plants, joint ventures, and subsidiaries in Sweden, China, India, Sri Lanka, Canada, the Middle East and Bangladesh. Grasim is headquartered in Mumbai, Maharashtra, India.